Waymo has said it will launch a commercial driverless service in the next few months in the less-complicated Phoenix area, though it has been vague on details. Of course, execution is everything, and GM still has some work to do to ensure its automated vehicles are safe. “We believe this is the biggest business opportunity since the creation of the internet,” added GM President Daniel Ammann. The goal, Ammann said, is to reduce the cost per mile from the current $2.50 per mile to less than $1 per mile. Utilization will grow, he said, as consumers grow more comfortable with using a driverless taxi service.

Source: Forbes November 30, 2017 19:30 UTC